SkyLedger Hosted revenue accounting services

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2 Simplify and streamline revenue accounting with Navitaire s cost-effective SkyLedger hosted revenue accounting services Navitaire s advanced, automated revenue accounting system is the only revenue accounting system specifically designed for hybrid carriers ticketless for direct channel, and ticketed for GDS or interline. It provides powerful reporting capabilities, a full reconciliation between New Skies booking data and accounting sub-ledger transactions, and a direct feed to the carrier s general ledger. The browser-based system is intuitive and easy-to-use, and is fully integrated with Navitaire Rail and New Skies reservation systems. SkyLedger Revenue Accounting an integrated approach to revenue accounting from reservations through to the financial books of the company Real-Time Booking Notification New Skies Real-Time Flight Closure Daily CS and VCH ETM PNR History Credit Shell SkyLedger Ticket Voucher Flight Following TCN WEBLINK External Sales Data Chart of Accounts Accounting OPTIONS Payment Allocation Payables ICH (IS) IATA Virtual EtDB Receivables Acctg. WebLink TCN Virtual eticket Interline AsSISt

3 Benefits Automate Critical Functions Navitaire s SkyLedger system automatically records all reservation activity that generates a financial change to the booking and translates it into accounting entries to the specified account numbers and accounting period. The system also automates currency conversion between the specified sales and accounting currencies. Near Real-Time Accounting All booking activity and flight closures are fed in near real-time to the accounting subledger, enabling point-in-time, accurate sales monitoring as well as Wheels Up Accounting for earned revenue. Multi-Carrier Support SkyLedger allows carriers to separate the sub-ledger by carrier code, enabling a separate set of books by airline code, if desired. Two-Step Fee and Tax Accounting Fees and taxes can be configured to be associated with the flight of the associated leg or segment. This enables flight closure in New Skies to automatically trigger earned service revenue for the configured services and post the tax liability for the configured taxes. ARC and BSP Support SkyLedger provides functionality to load industry standard CAT/HOT files and reconcile to New Skies reservations, as well as automated accounting entries for any adjustments when discrepancies are identified. Industry Sales Record (ISR) Feeds SkyLedger can create Transmission Control Number (TCN) files using industry specifications for the ISR. This facilitates IATA WebLink settlement for agency direct sales. Payment Settlement Reconciliation SkyLedger provides functionality to reconcile the payment receivables posted from the booking data to payment settlement data from the payment provider or acquirer. Increase Confidence in Financial Reporting Financial auditors can access a comprehensive audit trail and reconcile accounting events with associated booking data using Navitaire s drill-down reporting capabilities and extracts. Improve Decision Support SkyLedger provides easy access to detailed financial data and reports, as well as the Navitaire Dashboard, to enable quick research and analysis to support key business and financial decisions.

4 Triggers Interline Settlement SkyLedger identifies interline and codeshare bookings where the Navitaire reservation airline is the operating or the marketing carrier. The system, in conjunction with Navitaire Interline AsSISt, provides a settlement product complete with an industry-leading prorate solution to support invoices with interline/ codeshare partner airlines. Keep Pace with Rapid Growth As your business grows and with it your volume of accounting events the SkyLedger scalable solution can help you manage financial reporting to avoid delays. SkyLedger s reports make transaction research easy with access to underlying booking and accounting data available for each transaction in an account Navitaire Journal Entry Detail Report Company Code: Account Period Begin: Posting Date From: Journal Entry: Date Grouping: Report Currency: All Jan15 All Off Local Account Period End: Posting Date End: View: Journal Entry Grouping: December15 Detail Off By: skytest 12/21/1215 1:03:54PM Account Period Company Code Journal Entry Journal Entry Description Account Account Description Center Number Reference Debit Amount Credit Amount Number Date ER-SVC Earned Service # USD UE-REV Unearned Rev # BRL UE-REV Unearned Rev # USD BOOKING-RECEI Booking Receivables BOOKING-RECEI Booking Receivables 0.00 PHP 36, PHP BOOKING-RECEI Booking Receivables 1, USD 1, USD CURRENCY- FLUC Currency Fluctuation USD PAYMENT BRL TAX-LIAB USD PMT-CA-PHP000 Payment Cash PHP 15, PHP 0.00 PHP PMT-CA- USD000 Payment CA USD USD PMT-MC-PHP000 Payment MC PHP 21, PHP 0.00 PHP PMT-VI-USD000 Payment VI USD USD Journal Entry Total: 3, USD 3, USD Journal Entry Total: 4, BRL 4, BRL

5 Features Accounting Control Features Captures financial events for Navitaire s reservation system and relates activity to the relevant financial accounting period Supports simultaneous posting to two open accounting periods (current and future) Includes user interfaces for company account center maintenance, account mapping maintenance and journal entry maintenance and approval Includes a New Skies Online Data Store (ODS) to SkyLedger sub-ledger reconciliation, including automated reprocessing for payments, fees, flights, lift status and segment counts Detailed Data Features Historical booking activity database keeps a separate booking version whenever a financial change occurs Accounting details database stores data for each financial transaction associated with bookings, vouchers, credit shells and other accounting details with each booking modification Provides financial audit trail for each accounting entry down to the specific transaction event detail Financial detail stored in designated host and original booking currency Reporting Features Easy-to-use, web-based reporting tool allows users to access activities data with different views Report subscriptions and exports available in text, PDF, Microsoft Excel or Access Real-time Navitaire Dashboard: with up-to-the-minute sales and earned revenue

6 Key Reports Accounting Reports Journal entry Account center balance Account mappings Suspense items Revenue Reports Earned/unearned revenue Revenue by reports City pair load factor Revenue liability rollover Business Reports Fees and discounts Tax activity Payment Agency statement Navitaire delivers industry-leading technology services that help enable growth, profi tability and innovation to more than 50 airlines and rail companies worldwide, including many of the world s most successful airlines. Navitaire offers a full suite of proven solutions to help clients grow their business, reduce costs, capture new revenue sources and readily connect with digital customers and business partners. Suite South Seventh Street Minneapolis, MN USA phone USA toll-free navitaire.contactus@navitaire.com Copyright 2016 Navitaire LLC An Amadeus company. All rights reserved. Navitaire and its logo are trademarks of Navitaire. 0816